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E2 Exam Dumps - Managing Performance

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E2 Questions and Answers

Question # 1

P is a chartered management accountant working for a large project engineering company. P's functional superior is the Chief Management Accountant.


However for about two thirds of the time available, P is seconded to work with various project teams on a concurrent basis under a matrix organisation structure. This has turned out to be a demanding job role for P, with a number of disadvantages.


Select ALL the disadvantages that apply.


Tensions arise between the priorities of the projects and the functional department.


Building close relationships with functional colleagues may be inhibited.


Flexible project commitments might lead to an unstable work pattern.


Training and development opportunities might be missed due to project commitments.


Exposure to project management skills beyond management accountancy.


Developing close relationships with other discipline specialists.

Question # 2

The balanced scorecard involves creating a set of measures for which THREE of the following perspectives?


Financial: How should we appear to our shareholders?


Learning and Growth: To achieve our vision, how will we sustain our ability to change and improve?


Quality: How do we improve our product and service quality to outpace the competition?


Customers: To achieve our vision, how should we appear to our customers?


Productivity: How do we improve our rate of output to satisfy all our stakeholders?

Question # 3

J has been appointed project manager for a multimillion dollar upgrade to factory computer systems for his international organisation.


The organisation has decided to adopt the PRINCE2 project management methodology, of which J has knowledge from a previous post, but this was some time ago and his knowledge may need updating.


In order to achieve maximum success, J realises he will need to ensure that problems encountered at each phase of the project are used to inform later stages of the project.


Advise J at which stage of the project lessons learned should be recognised and applied to later stages, in order to prevent recurrence during the project:


Starting the project


Initiation of the project


Managing stage boundaries


Controlling a stage